At least one trillion dollars is needed to rebuild Ukraine
Plan to involve western countries in this effort by giving ‘Petronaz’ on some cities
Many countries including France, United Kingdom, Netherlands, Germany showed interest
Kyiv, At least one trillion dollars is going to be needed to rebuild Ukraine destroyed by Russia’s bombing. Ukrainian President Vladimir Zelensky said that more than $1 trillion would be needed to rebuild the country because of the war. He said Kyiv plans to enlist Western countries in the effort by awarding Petronas over certain regions and cities. Zelensky on Tuesday presented Odessa’s bid to host the 2030 Expo, saying it already Dozens of partner countries are involved in the reconstruction process of Ukraine, which is expected to cost more than one trillion US dollars.
Let us tell you that Ukraine was planning to launch a ‘conservation’ program, which would allow national governments and companies to engage in the reconstruction of a certain area, city, economic sector or enterprise. At the same time, President Zelensky claimed that some countries including France, United Kingdom, Netherlands, Germany, Denmark, Finland, Italy, Turkey, Switzerland, United States, Japan and Australia have already indicated their interest. Meanwhile, on October 25, the Ukrainian president hit out at other countries for their reluctance to finance efforts to rebuild their country, saying the Kyiv government had not yet received “a penny” for the purpose.
EU Parliament declared Russia a terrorist state
Taking a historic step last week, the European Union Parliament declared Russia a ‘state sponsor of terrorism’. European MPs voted in favor of a resolution declaring Russia a state sponsor of terrorism. However, this EU move is largely symbolic, as the EU does not have a legal framework to support it. The union has already imposed unprecedented sanctions on Russia over its invasion of Ukraine.
FIRST PUBLISHED : November 30, 2022, 12:57 IST
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